181 Glenerie Blvd Saugerties, NY 12477
Estimated payment $6,623/month
Highlights
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Level Lot
- Kingston High School Rated A-
- Hot Water Heating System
- Cabin
About This Home
Excellent investment opportunity in the heart of Saugerties! 181 Glenerie Blvd features a well-maintained 7-unit apartment building offering a desirable mix of one-, two-, and three-bedroom apartments. Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties. There is a two-family home at the front of the property, where each tenant pays their own utilities (a newer wall-mounted boiler) and separate electricity. Then there is a cottage behind the building, and then a 4-unit strip of apartments, the cottage and strip, the owner supplies the heat and hot water (from a new wall-mounted propane boiler), tenants pay their own electricity. Tenants appreciate the convenience of off-street parking and easy access to major routes, shopping, dining, and local employers. With stable income and room for future value growth, this property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,967
Year Built
- Built in 1970
Lot Details
- 0.55 Acre Lot
- Property fronts a county road
- Level Lot
Home Design
- Cabin
- Asphalt Roof
- Metal Roof
Interior Spaces
- 4,544 Sq Ft Home
- 1-Story Property
- Range
Flooring
- Wood
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Propane
- Hot Water Heating System
- Propane
- Septic Tank
- Sewer Not Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 15 / 8
- Assessor Parcel Number 39.7-8-15
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $4,452
- Fuel Expense $5,000
- Insurance Expense $4,018
- Maintenance Expense $3,291
- Vacancy Allowance $3,393
- New Taxes Expense $9,966
- Operating Expense $31,700
- Gross Income $113,100
- Net Operating Income $78,006
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/14/2025 10/14/25 | For Sale | $1,100,000 | 0.0% | $242 / Sq Ft | |
| 06/15/2018 06/15/18 | Rented | $1,300 | 0.0% | -- | |
| 05/19/2018 05/19/18 | For Rent | $1,300 | +44.4% | -- | |
| 04/27/2018 04/27/18 | Rented | $900 | 0.0% | -- | |
| 02/09/2018 02/09/18 | For Rent | $900 | 0.0% | -- | |
| 07/04/2016 07/04/16 | Sold | $225,000 | -16.6% | -- | View Prior Sale |
| 06/01/2016 06/01/16 | Pending | -- | -- | -- | |
| 09/22/2015 09/22/15 | For Sale | $269,900 | -- | -- |
Source: Hudson Valley Catskills Region Multiple List Service
MLS Number: 20255060
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